European Digital Tax Plans Gather Speed
France’s digital tax is going full steam ahead after Le Maire officially unveiled legislation for a three percent revenue tax, along similar lines to that proposed by the European Commission last year. But you’ll need a time machine to actually get on board, as the timetable says it starts on January 1, 2019. Meanwhile, Spain’s digital tax appears to be grinding to a halt due to problems with the legislative machinery. Parliament’s rejection of the 2019 Budget and the calling of fresh elections, to be held in May 2019, may even derail it.
I think Italy’s digital tax remains on track, but until the Government fleshes out the proposals, we only have a vague idea where it’s going and when it will get there. The UK at least signaled well ahead of time that its digital tax will commence in 2020, even giving us the exact month: April. How helpful! I often arrive at the airport hoping my plane will leave some time before the 31st. So, shall we try and guess the day? April 1? A little inappropriate perhaps. All this uncertainty is no joke.
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